CENIT AG

Related Party Transaction • Nov 30, 2001

News Details

Ad-hoc | 30 November 2001 08:42

CENIT AG Systemhaus english

CENIT carries through the separation from the subsidiaries in North America. Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Contracts are signed and sealed. Stuttgart, November 29th 2001 – CENIT AG Sytemhaus carried through the signing of the contracts, finalizing the reverse transaction of the subsidiaries. The North American companies are returned to the original owner. Only one company unit, Solid Xperts Inc., based in Canada and the US, and, as against the other companies, always profitable, will remain connected with CENIT. Additional to this, CENIT opened a sales office in Detroit for handling ex- isting customers’ projects. Parting from the subsidiaries in the USA, CENIT continues the consistent restructuring- and cost reduction program, thus initi- ating a considerable improve in the 2002 group results. Contact: CENIT AG Systemhaus Fabian Rau Investor Relations/Public Relations Schulze-Delitzsch-Str. 50 D-70565 Stuttgart Tel. (+49) 7 11 / 7 80 73-185 Fax (+49) 7 11 / 7 80 73-485 E-Mail f.rau@cenit.de end of ad-hoc-announcement (c)DGAP 30.11.2001 ——————————————————————————– WKN: 540710; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 300842 Nov 01